Siemens reports big surge in orders as profit beats forecast


FILE PHOTO: The logo of German industrial group Siemens is seen in Zurich, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) - Siemens reported better-than-expected industrial profit on Thursday as the German technology group said it was seeing "extraordinary" order intake from its customers.

Orders surged 52% to 24.21 billion euros ($27.66 billion), well ahead of expectations, the maker of trains and factory software said, as businesses stocked up on equipment and demand increased after the pandemic slowdown.

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